FDIC-Insured - Backed by the full faith and credit of the U.S. GovernmentHome Equity Line of Credit | Variable Rate
| Product | Interest Rate | APR* | Payment per $1,000 | Additional Info |
|---|---|---|---|---|
| 15/15 | 6.500% | 6.500% | Varies | Rate will be 1.000% below Prime** for the life of the loan. Floor is 6.000%. 15 year draw period / 15 year repayment period. |
| 10/15 | 7.000% | 7.000% | Varies | Rate will be 0.50% below Prime** for the life of the loan. Floor is the start rate. 10 year draw period / 15 year repayment period. |
| 5/15 | 7.250% | 7.250% | Varies | Rate will be 0.25% below Prime** for the life of the loan. Floor is the start rate. Interest only for 5 years. Repayment after interest-only period is 15 years. No principal payment required until month 61. |
| 10/10 | 7.500% | 7.500% | Varies | Rate will be Prime** for the life of the loan. Floor is the start rate. 10 year draw period / 10 year repayment period. |
| 15/15 Inv | 8.000% | 8.000% | Varies | 1-2 Family Investment Properties; Rate will be 0.50% above Prime** for the life of the loan. Floor is the start rate. 15 year draw period / 15 year repayment period. |
First & Second Lien – 1-4 Family (Owner Occupied) Maximum LTV - 80% up to $750,000; 75% for $750,001-$2,000,000; 70% for above $2,000,000
Maximum LTV's for Condos, Planned Unit Developments and Townhouses will be reduced by 5%
**Based on New York Prime Rate as published in the Wall Street Journal.